IPO Update: Rocking Deals Plans To List On NSE Emerge In November – News18

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IPO Update: Rocking Deals Plans To List On NSE Emerge In November – News18


Rocking Deals Circular Economy Ltd (RDCEL), a B2B re-commerce participant, is planning to record on NSE Emerge in November 2023 and lift about Rs 25 crore from its preliminary public providing (IPO), together with a efficiently accomplished Pre-IPO spherical of Rs 4.80 crore. The firm additionally has its eyes set on multi-fold progress within the subsequent two years, driving on increasing model partnerships and wider nationwide footprints.

The firm has 4 warehouses and is additional planning to broaden its footprints in northeast India, a excessive-progress client retail market, in response to a press release.

RDCEL filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge in September 2023 and plans to supply as much as 15,00,000 fairness shares of face worth Rs 10 every by way of the guide-constructing course of.

The firm has appointed Corporate Capital Ventures Pvt. Ltd. as Book Running Lead Manager to the Issue and Bigshare Services Pvt. Ltd. because the Registrar to the Issue.

Aman Preet, promoter and managing director of RDCEL, mentioned, “The governments, corporates and brands globally are focusing on reducing disposal and e-waste as well as supporting the right to repair movement – be it in terms of standardising accessories, spare parts or even offering software updates for 5-7 years.”

He added that the purpose being sustainability agenda and consumerism can go hand in hand if the subsequent 10 per cent of shoppers might be tapped — who see the worth within the product they pay for. This is the core of what we at Rockingdeals Circular Economy intention to realize.



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